Academics and regulators have given significant attention to the impact of institutional investors on the companies in which they invest. Some are concerned that the institutional investors act as common owners. But in their active ownership policies institutional investors often say they are...

Recent literature suggests that some socially responsible corporate actions benefit shareholders while others do not. We study differences in policy toward corporate social responsibility (CSR) between family and non-family firms, using environmental performance as the proxy for CSR. We show...

This paper examines the purpose of companies in a stakeholder and a shareholder model. It examines the interests of shareholders and stakeholders. In light of recent developments it examines the tension between the aforementioned interests. This paper argues that the tensions between the...

Even though formalization of ethical principles is a must in today’s business, research and evidence in the Slovak conditions remain scarce. Yet, creating an ethical business climate and especially the formalization of ethics through codes of ethics incorporated in corporate standards is a...